Twitter Keeps Missing Its Advertising Targets as Woes Mount

[pyetro]

The World Cup has historically been a boon for Twitter, bringing in record traffic and an influx of advertising dollars.

But this time, when the global soccer tournament started on Nov. 20, Twitter’s U.S. ad revenue was running at 80 percent below internal expectations for that week, three people with knowledge of the figures said.

In tandem, Twitter was rapidly cutting its revenue projections. The company previously forecast that it would generate $1.4 billion in the last three months of the year, down from $1.6 billion a year ago because of the global economic downturn. But as Twitter kept missing its weekly advertising targets, that number slid to $1.3 billion, then to $1.1 billion, two people said.

Twitter Keeps Missing Its Advertising Targets as Woes Mount

Under Elon Musk, the company has cut its financial expectations as some advertisers request discounts and are offered incentives.

www.nytimes.com

 

[1srelluc]

It will take a while to right that ship but there's a steady hand in the wheelhouse now.